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After Singapore to have BHIM-UPI acceptance at merchant location, Bhutan has decided to adopt India’s Unified Payment Interface (UPI) standards for its quick response (QR) code.

India’s retail payment channels have come a long way since the growth in the payment channels have increased the access of formal financial services to a wider section of the population, covering areas where banks generally find it tough to operate.

NPCI International Payments Ltd (NIPL) and Bhutan's Royal Monetary Authority (RMA) announced their partnership for enabling and implementing BHIM UPI QR-based payments in Bhutan on July 13th.